Turnkey income property in one of Kitchener's most sought-after neighbourhoods. This fully renovated legal fourplex at 159-161 David Street sits steps from Victoria Park and generates $98,400 in gross annual income with an NOI of $83,900 - all at market rents with confirmed tenancy. Every detail has been executed to the highest standard: custom oak cabinetry, quartz countertops, gold hardware, frameless glass showers, and designer Hardwood flooring throughout. Each of the four self-contained units features its own heat pump, in-suite laundry, and private outdoor space. Separate hydro meters, new plumbing, new electrical, and new windows and doors throughout mean zero deferred maintenance and minimal landlord exposure. The unit mix - a 3-bed, a 2-bed, and two 1-beds - offers excellent tenant diversity and rental resilience. The building retains its handsome historic brick character while delivering a fully modern interior experience. An exceptionally rare opportunity to acquire a performing, pride-of-ownership asset in a neighbourhood where quality properties almost never come available.
For sale
C$1,600,000
161 David St, Kitchener, ON N2G 1Y3
7beds
4baths
Quadruplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Custom oak cabinetryQuartz countertopsGold hardwareFrameless glass showersDesigner hardwood flooring throughoutIn-suite laundryPrivate outdoor space
- 27 days |
- 42 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Home Group Realty
Source: TRREB,MLS®#: X13228434
Originating MLS®#: One Point Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Heat Pump, Electric
Cooling
- Central Air
Features
- Separate Heating Controls, Separate Hydro Meter
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Living area range: 2000-2500 null
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Private Triple
Features
- Stories: 2
- Patio & porch: Deck
- Pool features: None
Lot
- Size: 8,201 Square Feet
- Features: Arts Centre, Greenbelt/Conservation, Lake/Pond, Library, Park, Public Transit
Details
- Parcel number: 224280113
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick, Wood
- Foundation: Stone
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Kitchener
Financial & listing details
- Tax assessed value: C$484,000
- Annual tax amount: C$6,566
- Date on market: 6/2/2026
Keller Williams Home Group Realty
Keller Williams Home Group Realty
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Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: Victoria Park
Nearby schools
GreatSchools rating
No schools nearby
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